The recent dip in the price of PEPE, a meme coin, has raised questions about whether investors are cashing out their profits. Data suggests that over 92% of PEPE investors are currently in profit, potentially incentivizing them to sell, contributing to the coin's price decline. Analysis of exchange inflow and supply metrics further indicates a sell-off, with even top addresses reducing their holdings. Additionally, metrics like Social Volume and Weighted Sentiment reflect a bearish sentiment, hinting at further price declines.

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